🔗 Share this article Skydance Paramount Plans to Remove Nearly 2,000 US Jobs – Update Paramount Skydance plans to begin mass layoffs the week of 27 October, cutting approximately 2,000 positions in the United States under a budget-saving initiative worth $2bn under top executive David Ellison. The layoffs are a result of the combination between Skydance Media and Paramount Global, which closed during August worth $8.4bn. Additional global layoffs are anticipated, with Paramount Skydance aiming to announce complete information via its third-quarter financial update set for the 10th of November. Previous updates suggested that Paramount aimed to reduce between 2,000 and 3,000 jobs by early November. As of December 2024, Paramount had almost 18,600 permanent and temporary staff plus 3,500 project-based staff. Paramount Skydance did not immediately respond regarding the report.